Africa: The Nigerian Millionaires

Along with pride in status and problems of self-government, independence
for the 31 nations of black Africa means
the emergence of black businessmen. A few flourish on cottage
industries, that early stage of every economy; some are the
opportunistic agents of the colonial companies that formerly ruled them.
Now, however, more of Africa's new businessmen are not only
university-trained and experienced but surprisingly sophisticated in
trade and finance. In Equatorial Africa, it is no longer unusual to see
a $200,000 letter of credit emerging from the folds of a native robe.
Nowhere is the new African...